TDS Rates for Non-Residents u/s 195 of Income Tax Act, 1961
| Sr. |
Nature of Payment |
Co. |
Others |
| 1. |
Long Term Capital Gains u/s 115E |
NA |
10% |
| 2. |
Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38)) |
20% |
20% |
| 3. |
Short Term Capital Gains u/s. 111A |
15% |
15% |
| 4. |
Investment income from Foreign Exchange Assets |
NA |
20% |
| 5. |
Interest payable on moneys borrowed or debt incurred in Foreign Currency |
20% |
20% |
| 6. |
Royalty & Fees for technical services u/s. 115A
- Agreement 1st June, 1997 to 31st May, 2005
- Agreement on or after 1st June 2005 |
20%
10% |
20%
10% |
| 7. |
Winnings from Lotteries, Crossword Puzzles and Horse Races |
30% |
30% |
| 8. |
Any Other Income |
40% |
30% |
| |
|
|
|
|
| Notes : |
| Surcharge @ 2% is applicable only in case of Non-Domestic Companies where payments exceed Rs. 1 cr. |
| Education cess @ 3% is applicable in all cases. |
| Interest on delay in deposit of tax after deduction |
| Stage of deduction |
Upto 30th June 2010 (Rate per month or part of the month) |
From 1st July 2010 (Rate per month or part of the month) |
| From date when deductible till actual deduction |
1% |
1% |
| From date of deduction till payment |
1% |
1.5% |
|
M.G. Consultants
Address: 399, Green Avenue
Amritsar, Punjab (India)
Mobile No: 9417253090
Email: mgconsultants.asr@gmail.com, info@gschawla.com
M.G. Consultants
